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Latest Banking News

What is compound interest?

Compound interest is a powerful force for consumers looking to build their savings. It creates a multiplier effect on your…

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Why The Supreme Court’s Attack On Federal Agencies Is A Boon For Crypto

A trifecta of recent decisions could hobble the SEC and help crypto banks win key rights. By Emily Mason, Forbes…

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Pay off debt or save? Expert tips to help you choose

A common financial struggle for Americans is deciding how much money to devote to savings versus paying down debt. While…

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Emergency fund amount: How much should you have in emergency savings?

Images by GettyImages; Illustration by Hunter Newton/Bankrate When unexpected expenses arise, having an emergency fund can provide peace of mind…

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The average American household budget

Many Americans spend a sizable amount of their income to keep a roof over their heads, food on the table…

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Skeptical of an online-only bank? I was, too. Here are the 3 things that changed my mind

I remember waiting for the train in Boston a couple of years ago when I saw an ad for an…

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Best business checking accounts for July 2024

Business owners want to focus on their businesses, not necessarily on where to bank, which is why choosing the right…

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A Credit Card Backed By Your Home

Aven has hit a $1 billion valuation and is backed by big-name investors. But is it a good idea? By…

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Bankrate’s Q2 Economic Indicator Survey: What economists see for the job market, inflation, the Fed and more in the year ahead

To the outside viewer, the Federal Reserve looks like it’s come close to achieving the impossible soft landing of the…

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What is inflation? Here’s how rising prices can erode your purchasing power

Key takeaways Inflation is a sustained increase in prices of goods and services, which can negatively impact purchasing power and…

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